INTERNET REAL ESTATE AUCTION -- TERMS & CONDITIONS


" THIS PROPERTY IS OFFERED FOR SALE "AS-IS" WITH NO WARRANTIES OR GUARANTEES. THE PURCHASER(S) AGREES TO PURCHASE THE PROPERTY AND BUILDINGS IN THEIR PRESENT CONDITION.

" THE SALE OF THE PROPERTY IS NOT SUBJECT TO ANY CONTINGENCIES OR THE PURCHASER'S ABILITY TO ACQUIRE ANY NECESSARY FINANCING. IT IS THE PURCHASER(S) RESPONSIBILITY TO MAKE ARRANGEMENTS TO INSPECT AND VIEW THE PROPERTY IN ITS PRESENT CONDITION PRIOR TO THE CONCLUSION OF THE AUCTION. THE PURCHASER(S) ARE RELYING SOLEY UPON SUCH EXAMINATION WITH REFERENCE TO THE CONDITION, CHARACTER, SIZE OF LAND, IMPROVEMENTS, AND FIXTURES, IF ANY.

" THE REAL ESTATE SHALL SELL WITH A MINIMUM BID OF $85,000, UNLESS OTHERWISE ANNOUNCED AND NOTED, FREE AND CLEAR OF ANY LIENS OR INCUMBRANCES.

" THE PURCHASER(S) SHALL BE REQUIRED TO DEPOSIT $5,000 DOWN AS ESCROW MONEY WITHIN 24 HOURS OF THE CONCLUSION OF THE AUCTION. THE BALANCE IN FULL IS DUE AND PAYABLE ON OR BEFORE 45 DAYS FROM THE DAY OF AUCTION.

" THE SELLER SHALL PAY THE JULY 2026 TAX INSTALLMENT IN FULL. THE PURCHASER(S) SHALL BE RESPONSIBLE FOR ANY REAL ESTATE TAXES THEREAFTER. THERE WILL BE NO PRORATION OF REAL ESTATE TAXES.

" PURCHASER(S) AGREE TO ACCEPT THE SALE OF THE REAL ESTATE UPON THE TERMS AND CONDITIONS THAT ARE SET FORTH. PLACING AN ONLINE BID OR BIDS WILL IMPLY YOUR ACCEPTANCE OF THE TERMS AND CONDITIONS OF THIS AUCTION AND WILL BE LEGALLY BINDING.

" IT IS UNDERSTOOD THAT THE AUCTIONEER(S), MIDWEST AUCTIONEERS & REALTY, INC. AND THEIR STAFF ARE AGENTS FOR THE SELLER AND DO NOT IN ANY WAY REPRESENT THE PURCHASER(S) CONCERNING THE SALE AND/OR THE REAL ESTATE OFFERED FOR SALE.

" THE SUCCESSFUL PURCHASER(S) SHALL BE REQUIRED TO SIGN A REAL ESTATE PURCHASE AGREEMENT/CONTRACT AT THE CONCLUSION OF THE AUCTION. A 10% BUYER'S PREMIUM SHALL BE APPLIED TO THE FINAL BID TO ESTABLISH THE CONTRACT SALES PRICE. OTHER NECESSARY AND APPLICABLE DOCUMENTS MAY BE REQUIRED BY STATE AND/OR FEDERAL LAW.

Real Estate Auction - Internet Only 7714 US 36 - Bradford, OH 45308 Bidding Will End on Weds. - July 1st at 6:00 PM Internet bidding provided by www.HiBid.com Internet Bidding Ends: WEDS. JULY 1st @ 6:00 PM Open House & Inspections: Tues. June 9th 4-6PM ** Auctions are NOT just for CASH buyers! Get pre-approved & your financing in order NOW!!** Located in New Harrison is this aluminum sided ranch style home with 3 bedrooms, 1 bathroom, living room, kitchen w/ rear dining area, rear enclosed patio, partially finished basement w/ added bedroom and storage area, and a 30'x18' attached garage. The home also includes a propane furnace, central air, newer water treatment system, and newer hot water heater and sits on just under a half an acre. Terms: There will be a 10% Buyer's Premium added to the final bid to establish the contract sales price. tHE PROPERTY WILL SELL WITH A MINIMUM BID OF $85,000. $5,000 required down at conclusion of auction with balance due in 45 days. Please see the Terms & Conditions section for full terms & conditions. Glenna Kerns � Brian Kerns, POA (Owner)